Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Sacajaweau

This is the same issue brought up every year at this time by those who actually pay an income tax. Since they currently are just slightly more than 50% of the income earners, they are barely in the majority but in any group there are always the do gooders who were sold the notion about the “progressive income tax” being beneficial.

IMO, the flat tax is not a bad idea, even an income tax with one rate is not. What should be done would be to eliminate the social security and medicare taxes and fund those from general revenues, something that is going to happen anyway as those systems are going bankrupt day by day now. Remove those in house “bonds” from the national debt too reducing the budget deficit a tad as the interest we pay on the intergovernment balances of these bonds is a shell transaction. Everyone pays is my motto.


4 posted on 04/19/2014 6:39:32 AM PDT by Mouton (The insurrection laws perpetuate what we have for a government now.)
[ Post Reply | Private Reply | To 3 | View Replies ]


To: Mouton
but in any group there are always the do gooders who were sold the notion about the “progressive income tax” being beneficial.

Whenever I point out that the progressive income tax is the second plank of the Communist Manifesto people are surprised that we would have such a thing.

 

6 posted on 04/19/2014 6:42:52 AM PDT by MNnice
[ Post Reply | Private Reply | To 4 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson